The company is a shoe factory in the Moscow region. Outdated equipment caused high energy costs and low product quality, threatening both the competitiveness and the market share. In addition, products from Asia have already taken part of the market from the Russian shoe makers. Modernizing production lines became an issue of survival for the shoe manufacturer.
The company contacted RuSEFF
for an affordable financing of modernization measures.
The RuSEFF team performed the energy assessment of the production line, checked the energy saving potential, financial-technical parameters and profitability of suitable modernization measures.
The investment of €3.7 million allowed the company to reduce its energy consumption by 3,870 MWh per year, resulting in savings of €606,000 per year. The investment will be repaid from energy savings already in six years. The cost savings can be seen as company's additional income. The new equipment also improved the product quality, allowing not only to maintain, but to increase the market share.
This project improved the company’s financial and market standing, securing its future. It demonstrates that energy savings are possible in all production sectors and lead to multiple benefits. Therefore, it is worth checking the energy saving potential of investment measures with the help of in-house or outsourced experts.
The EBRD through RuSEFF supports sustainable financing and implementation of energy efficiency and renewable energy projects by the private sector. Together, the private, residential, and public sectors can make a change in the energy consumption patterns and contribute to environmental protection.